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A North Carolina rent-to-own lease agreement is a residential lease with an option for the tenant to purchase the property. The tenant usually pays a deposit, known as the “consideration,” to secure this option. In addition to outlining standard rental fees and obligations, the contract details the option term, consideration, and purchase price if the tenant decides to buy.
This form complies with North Carolina’s General Statutes for Option to Purchase Contracts – § 47G.
A North Carolina rent-to-own lease agreement is a residential lease with an option for the tenant to purchase the property. The tenant usually pays a deposit, known as the “consideration,” to secure this option. In addition to outlining standard rental fees and obligations, the contract details the option term, consideration, and purchase price if the tenant decides to buy.
This form complies with North Carolina’s General Statutes for Option to Purchase Contracts – § 47G.
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